In a significant development, Australia has blocked a Chinese construction company from buying out a domestic builder involved in several high-profile projects, citing national security concerns, reported local media reports. In a regulatory filing to the Johannesburg stock market filing… Read More ›
Australia
China continues trade war against Australia, imposes punitive tariffs on Australian wine exports
Continuing its efforts in an attempt to bully Australia, on Friday, China’s Ministry of Commerce said, it will temporary impose anti-dumping measures on Australian wine from November 28, 2020. The move will further escalate trade and diplomatic tensions between Canberra… Read More ›
Australia’s stock exchange to open only on Tuesday following data security issue: bourse operator ASX Ltd
On Monday, Australia’s stock exchange halted trading following a security issue. 20 minutes after opening on Monday Australia’s stock exchange experienced issues with market data. Trading is set to resume on Tuesday at 10 a.m., said bourse operator ASX Ltd…. Read More ›
Australia lends $1 billion to Indonesia to help fight COVID-19 pandemic
In a statement on Thursday, Indonesia’s finance minister Sri Mulyani Indrawat said, Jakarta has signed a $1.09 billion (A$1.5 billion) loan agreement with the Australian government. The money will be used to help fight the coronavirus-induced COVID-19 pandemic which emerged… Read More ›
Japan to lift travel ban to 12 countries from November 2020
On Thursday, in a report, Japanese newspaper Yomiuri stated, from November 2020, Japan plans on removing the ban on overseas travel 12 countries including China, from where the coronavirus emerged. The 11 other countries and regions include Taiwan, Malaysia, Australia,… Read More ›
Tesla secures lithium ore supply chain, signs deal with Australian miner Piedmont Lithium
On Monday, Australian lithium miner Piedmont Lithium stated, it has signed a five-year deal with U.S. electric carmaker Tesla Inc for the supply of high-purity lithium ore mineral. With the news reaching the market Piedmont Lithium’s shares surged by 83%,… Read More ›
Huawei cuts investments and jobs in Australia
In a statement embattled Chinese telecom network maker Huawei Technologies Co Ltd said, it will be cutting more staff from its Australian operations midst strained relations between Canberra and Beijing. Huawei will also trim its investments in the country. In… Read More ›
PayPal makes splash into Australia’s buy-now-pay-later sector, hammers Australia’s Afterpay’s share prices
On Wednesday, shares of Australia’s Afterpay Ltd as well as its smaller consumer lenders tumbled for a second day following the entry of U.S. giant PayPal into the buy-now-pay-later sector which sent investors scrambling to re-price its stocks. Shares of… Read More ›
Chevron Corp sues Australian fuel supplier Ampol Ltd over alleged breach of trademark license deal
In a statement on Tuesday, Australian fuel supplier Ampol Ltd said, Chevron Corp has launched court proceedings against alleging breaches of a trademark license deal through which previously it used to use the company’s “Caltex” brand. According to Chevron, these… Read More ›
Rio Tinto trims bonuses of CEO and senior executives following destruction of ancient historic caves
On Monday, in a statement Rio Tinto said it will trim the short-term bonuses of its CEO as well as two other senior executives following a review of the company’s destruction of two historic caves in Australia in May which… Read More ›